132 Heather Lane,Banner Elk, NC 28604
Banner Elk, NC 28604
Description
Located approx a mile from the Town of Banner Elk, this charming mountain cottage sits in the highly sought-after Highlands community and offers proven income-producing potential as a high-performing short-term rental for the past three years. This fully furnished 5-bedroom, 3.5-bath Cape Cod-style home rests on nearly one acre (.95) and features a spacious open floor plan designed for comfort and entertaining. The main level includes a fully equipped kitchen, large dining area accommodating all guests at one table, and a bright living room filled with windows. A main-level bedroom with attached full bath and double closets provides convenient single-level living. Two decks on the main floor-one off the dining area and one off the living room-extend the living space outdoors. Upstairs features two bedrooms, including the primary suite with full bath, closet, and dormer seating with built-in storage. An additional bedroom offers a half bath, closet, and dormer bench/storage. The finished walkout basement adds two more bedrooms, a full bath, stackable laundry, and a converted one-car garage now serving as a game room with arcade games and movie space. Two separate basement entrances provide excellent functionality. The hot tub conveys and remains a favorite amenity for guests. This home appraised $10,000 above list price and generated $72,000 in rental income in 2024 despite significant fourth-quarter cancellations due to Hurricane Helene, projecting revenue potential near $100,000 annually. 2025 performance has remained strong, even with substantial owner use during peak summer months. P&L's are included in the attachments. Ideal as a turnkey investment property, second home, or full-time mountain retreat-minutes to dining, shopping, skiing, and year-round recreation.
Details
| MLS # | 260222 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Year | 2006 |
| Days On Site | 237 |
| Listing Provided By | EXP Realty LLC | Mike Pocisk |
Features
| Bed(s) | 5 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,337 |
| Basement | Y |
| Story(s) | 3 |
| Zoning | R1 |
| Acreage | 0.95 |
| Property View | Yes |
Interior
| Cooling Yes / No | No |
|---|---|
| Cooling | None |
| Heating Yes / No | Yes |
| Heating | Forced Air, Propane |
| Interior Features | Carbon Monoxide Detector, Furnished |
| Appliances | Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Microwave, Refrigerator, Washer |
| Fireplace Features | None |
| Fireplace Yes / No | No |
| Laundry Features | Upper Level |
Exterior
| Exterior Features | Hot Tub Spa, Gravel Driveway |
|---|---|
| Roof | Asphalt, Shingle |
| Construction Materials | Hardboard, Modular Prefab, Wood Frame |
| Foundation Details | Basement |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway, Gravel, No Garage, Private |
Utilities
| Utilities | Cable Available, High Speed Internet Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 1358.02 |
|---|---|
| Tax Book Number | 578/966 |
Location
| Community Features | Long Term Rental Allowed, Short Term Rental Allowed |
|---|
Area Information
| State | NC |
|---|---|
| County | Avery |
| City | Banner Elk |
| Zip Code | 28604 |
| Area | 8 Banner Elk |
| Community Name | The Highlands |
| School District | Avery County |
| Elementary School | Banner Elk |
| High School | Avery County |
| Listing VS Median (in The Highlands) | |
Price: $630,000 low | high Med: $764,500 sqft: 2,337 low | high Med: 2,575 $ / sqft: $270 low | high Med: $295 On site: 237 low | high Med: 309.5 | |
Market Activity 28604
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Learn More About This Property
| State | NC |
|---|---|
| County | Avery |
| City | Banner Elk |
| Zip Code | 28604 |
| Area | 8 Banner Elk |
| Community Name | The Highlands |
| School District | Avery County |
| Elementary School | Banner Elk |
| High School | Avery County |
| Listing VS Median (in The Highlands) | |
Price: $630,000 low | high Med: $764,500 sqft: 2,337 low | high Med: 2,575 $ / sqft: $270 low | high Med: $295 On site: 237 low | high Med: 309.5 | |
